LGPS – London Borough of Southwark invests £100 million in Robeco’s Climate Global credit fund

11 October 2023

The LGPS London Borough of Southwark has given Robeco a £100 million allocation to the fund’s new allocation, Multi Asset Credit. This was announced in the minutes of the meeting (27 september 2023) of the Pensions Advisory Panel. ‘On 6 September a £100m allocation to Robeco’s Climate Global credit fund, part of the Fund’s new allocation to Multi-Asset Credit, was made. This was funded by full redemption from the Blackrock Dynamic Diversified Growth fund and partial redemption (£12m) from the Blackrock Absolute Return Bond fund.’

In addition to this new fund the report also states that ‘Officers and advisers will continue to evaluate opportunities in Multi-Asset Credit with the aim of being fully funded by the end of 2023-2024. The source of funding will be the Absolute Return Bond fund managed by Blackrock.’

Source: LGPS - London Borough of Southwark